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World trade deal must be pursued

Global business leaders yesterday appealed to governments to make good on their commitment to conclude stalled trade liberalisation talks this year and boost a world economic recovery.

But trade negotiators were sceptical of the political will to overcome disputes between the US and key emerging nations that thwarted a deal in 2008, before the financial crisis plunged much of the world into recession. US mid-term congressional elections in November and a Brazilian presidential election are among political hurdles The International Business Council called for world leaders to follow through on their pledge made at last September’s Pittsburgh G20 summit to clinch a trade deal in 2010.